Sunday, 5 July 2015
Last updated 1 day ago
May 8 2008 | 9:58am ET
Hedge funds almost halved their year-to-date losses in April, Hedge Fund Research reports.
The firm’s HFRI Fund Weighted Composite Index rose 1.64% last month, leaving it down 1.78% on the year. Funds of hedge funds did rather less well, adding 0.86%, leaving them down 3.3% in 2008.
All but four of HFR’s 23 strategy, regional and subindices were in positive ground last month. Emerging markets did best, returning 3.54% in April, though it remains down 3.85% year-to-date. Equity hedge funds also had a strong April, rising 3.08%. Those funds are down an average of 2.97%.
Relative value funds added 1.24% last month (down 2.06% YTD), while event-driven funds rose 1.1% (down 2.32% YTD). Of the major strategy indices, only macro funds posted a losing April, dropping 0.55%, though it is the only major strategy index in positive ground in 2008 at 3.53%.
The Asia ex-Japan and Latin America indices were the strongest subindinces in April, rising 5.49% (down 6.92% YTD) and 5.08% (up 3.08% YTD). LatAm funds are the only emerging markets funds in positive ground this year.
Other strong performances were turned in by technology/healthcare funds (4.06% in April, down 2.8% YTD) and relative value yield alternatives funds (3.03%, down 1.2% YTD).
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…